Two years ago, an investor purchased a $1,000 face value corporate bond with an 6% semi-annual coupon rate and a 15-year maturity. At the time of the purchase, the bond had an expected yield to maturity of 8%. TODAY, the investor sold the bond for $875.00.

TASK >> Calculate the investor's what annualized rate of return of return on this bond investment. [Enter your response as a percent with 2 digits to the right of the decimal point -- that is, if your decimal answer is 0.1234, enter 12.34 for the equivalent percent]